iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Sees Significant Drop in Short Interest

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,307 shares, a decrease of 60.7% from the January 15th total of 3,323 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,813 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 5,813 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

iShares BBB Rated Corporate Bond ETF Trading Up 0.3%

LQDB stock traded up $0.28 during midday trading on Thursday, reaching $87.77. 155 shares of the stock were exchanged, compared to its average volume of 5,712. iShares BBB Rated Corporate Bond ETF has a 52 week low of $82.73 and a 52 week high of $88.86. The company has a fifty day moving average price of $87.35 and a 200 day moving average price of $87.48.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its stake in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock valued at $86,000 after acquiring an additional 584 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in iShares BBB Rated Corporate Bond ETF by 4.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after purchasing an additional 300 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares BBB Rated Corporate Bond ETF during the 4th quarter worth about $1,790,000. Citadel Advisors LLC grew its position in shares of iShares BBB Rated Corporate Bond ETF by 8.2% in the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after buying an additional 1,706 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of iShares BBB Rated Corporate Bond ETF by 41.9% in the fourth quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock valued at $2,488,000 after buying an additional 8,433 shares during the period.

About iShares BBB Rated Corporate Bond ETF

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.